Maths for Economics

Paperback | March 14, 2016

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Drawing on his extensive experience teaching in the area, Geoff Renshaw has developed Maths for Economics to enable students to master and apply mathematical principles and methods both in their degrees and their careers.Through the use of a gradual learning gradient and the provision of examples and exercises to constantly reinforce learning, the author has created a resource which students can use to build their confidence - whether coming from a background of a GCSE or A Level course, or more generally forstudents who feel they need to go back to the very basics.Knowledge is built up in small steps rather than big jumps, and once confident that they have firmly grasped the foundations, the book helps students to make the progression beyond mechanical exercises and on to the development of a maths tool-kit for the analysis of economic and business problems -an invaluable skill for their course and future employment. The Online Resource Centre contains the following resources: For Students:* Ask the author forum* Excel tutorial* Maple tutorial* Further exercises* Answers to further questions* Expanded solutions to progress exercises For Lecturers (password protected):* Test exercises* Graphs from the book* Answers to test exercises* PowerPoint presentations* Instructor manual

About The Author

Geoff Renshaw has retired from teaching and is now an Associate Fellow at Warwick University.

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Table of Contents

Part One: Foundations1. Arithmetic2. Algebra3. Linear equations4. Quadratic equations5. Some further equations and techniquesPart Two: Optimization with one independent variable6. Derivatives and differentiation7. Derivatives in action8. Economic applications of functions and derivatives9. ElasticityPart Three: Mathematics of finance and growth10. Compound growth and present discounted value11. The exponential function and logarithms12. Continuous growth and the natural exponential function13. Derivatives of exponential and logarithmic functions and their applicationsPart Four: Optimization with two or more independent variables14. Functions of two or more independent variables15. Maximum and minimum values, the total differential, and applications16. Constrained maximum and minimum values17. Returns to scale and homogenous functions; partial elasticities; growth accounting; logarithmic scalesPart Five: Some further topics18. Integration19. Matrix algebra20. Difference and differential equations21. Extensions and future directions (on the Online Resource Centre)

Editorial Reviews

"Geoff Renshaw's Maths for Economics has become an important part of teaching undergraduates how mathematics plays a role in economics, and the new edition of the textbook did not disappoint. The material in the book is comprehensive and builds everything from the ground up, all the whilesticking to easy-to-understand language and presentation techniques." --Dr Erkal Ersoy, Heriot-Watt University